To get a more necurate assessment the Controller of Franke's Filecabinets believes a performance report based on a Flexible Budget would be more useful. He needs your help however. Create a flexible budget helow using the information given and identify the amount of the variances as well as identify with a "(U)" unfavorable variances and with an" (F)" for favorable variances. (15 points) Unit Cost Flexible Budget Variance Sales (units) Sales ($) Direct materials $121.00 $72.50 Direct labor $27.00 Actual Results 37,280 $4,618,900 $2,719,600 $1,062,100 $556,300 $90,000 $4,428,000 $190,900 Variable overhead Fixed overhead $15.00 Total costs Net Income (Net Loss) After filling in all blanks above please comment on (based on dollars) 2 points caeh): (1) Overall is the manager's performance "positive" or "negative compared to the Flexible Budget? (2) What area did Newburgh manager perform best in? (3) What area was weakest for the Newburgh manager